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reform the medicare system is to destroy it. we cannot allow that to happen. i yield back. >> thank you. a similar theme was echoed by a woman who came to us. >> thank you. i have to tell you i was driving here and i noticed white smoke going over the senate side. [laughter] i was thrilled to see they will present a budget. very different from the work we have done. and because of your leadership, again, we are going to present a budget that is fiscally sound and responsible. i am pleased to see -- pleased to support this proposal and continue working on it i thank you for your leadership. we all know the best way to get this country on the path to prosperity is to pass a budget that will balance. our plan extends opportunity for
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all americans. it attacks and strengthens medicare. something that is vital to be done for future generations and current seniors, that is something i want to talk about. i visited last week in my district with a young couple. they are just starting out. they are buying their first home. they are expecting their first child. every two weeks, they are watching money come out of their paychecks for medicare and social security. the federal government has first right of refusal on their paycheck. their question to me is, are we ever going to see another dime of that money? the priorities in life have changed. they are beginning to think long term. when we hear these attacks on those of us who want to step
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forward and do what is necessary to stabilize, save, and to extend the program, we have to wonder how credible those are when there is no credible alternative on how you would go about stabilizing. i thank you for the work you have done on this and requiring the president to work together with congress to forge a solution on social security and to realize we have to take into account our current seniors, and our future participants in the medicare and social security programs. i yield back the balance of my time. >> thank you. i yield two minutes to the gym the gym -- gentlman from mississippi.
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>> that is what a new member does. thank you. two decades ago, i lost my job in a corporate merger. after a couple of days of moping around and feeling sorry for myself, my wife and i got up one morning and we sat around the kitchen table. we took out a sheet of notebook paper and on one side, we wrote down what we had coming in and on the other side, we wrote down how we would spend it. i would be less than honest if it -- if i did not tell you we shed some tears that morning. we tried to separate those things that were important with those things that were vital. there are families sitting around their kitchen tables this morning making -- making those same tough decisions and shedding those tears. they have every reason to expect their government and washington to do the same thing. nowhere is that more important than in the medicare system.
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we have been told medicare is going broke in 12 years. that is not acceptable. this budget addresses the problem. we can sit around and hope things get better, but i would suggest to you that hope makes a good campaign slogan but it is not a responsible approach to budget. this budget strengthens medicare for current generations and recipients and it saves medicare for the next generation. i yield back. >> thank you. next, on restoring fairness, one of the cornerstone objectives of the budget, i would like to yield to texas. >> thank you. today, we are marking up a responsible plan to balance the budget. the plan will hold washington accountable to fix our broken tax code and repair the safety net, expand opportunities for
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american families, and create a more accountable and efficient and effective government. the budget will help promote a path to energy security by increasing opportunities to expand production of america's abundant energy resources and this budget will stop the unfair use of funding from hard- working americans. as a job creator and a cpa, i have seen firsthand how domestic american energy production can be a valuable component in creating jobs and fixing our nation's balance. the u.s. has combined recoverable and natural gas, oil, and coal and that is the largest in the earth, larger
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than russia, saudi arabia, or china. today, the united states is known as the saudi arabia of natural gas. the chart on the screen, if we can bring it up, illustrates how we can bring revenues by hundreds of billions of dollars by not enacting punitive taxes and by expanding exploration for energy on federal lands and oceans. the loss potential is also $200 billion. you could say there is a trillion dollar gap between the two numbers. this administration wastefully invests in corporate welfare programs like solyndra. solynda has several brothers and sisters. this is not fair. think about the stem education or basic research. it could have been funded if this taxpayer money had not been squandered on the president's
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capitalism and welfare. this budget will restore fairness, which the american people want, by encouraging robust competition. it will end kickbacks and corporate welfare to industries. it will promote policies for reliable, low-cost energy. for example, by approving the keystone pipeline and allowing for the opening of federal land to american energy production, this budget moves our country toward the goals of american energy security, economic growth, national security, more jobs, and better paychecks for american families. thank you. >> two minutes to the gentleman from indiana. >> thank you. families sit around their kitchen tables, finding a way to keep a budget. this principle yields business sense and it has households living within their means to yield success. in indiana, we make tough choices. we balance our budgets.
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the federal government continues to enable government spending that is bankrupting our children's future. american families hold the president and congress accountable and expect washington to come to gather and produce a serious plan. the budget before us today puts our nation on a sustainable course. it puts an end to the obama administration tosses roadblock to energy development and pave the way for projects like my colleague just mentioned, the keystone pipeline, which will generate more than 130,000 jobs, boost our economy, and bring down energy costs. the budget also promotes economic growth, job creation, supports research and development in the energy sector, and moves america to a more energy independent state. it expands oil and gas development, which could generate a half a million new jobs and $14.40 trillion in
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increased economic activity. by preventing or delaying domestic energy exploration, the obama administration has driven jobs overseas. in this budget, the house republicans in the subsidies, -- support for this budget translates into a response will plan to grow our economy and create jobs. i yield back my time. >> i would like to yield two minutes to the gentleman from indiana. >> thank you. what we are doing here today, people in america are hurting. too many parents have come home
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and tell their children they do not have a job. washington has refused to make the tough choices necessary to jump-start a healthy economy to create jobs and opportunity for every american. we hear a lot from the other side of the aisle about a balanced approach. there is not much balanced about a budget that does not balanced. beyond that, if the american people understand our approach, they would understand it is very balanced, despite the rhetoric on the other side, this budget does not cut spending. our budget controls spending. it shifts spending. given the rhetoric on the other side, our constituents might be surprised to learn spending actually increases under the budget resolution. spending grows much more slowly under our budget than under the existing base line. our budget saves the american
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taxpayer $5 trillion. even with our budget, spending is 40% higher in 10 years than it is now. despite dire warnings about cuts, spending will increase by 3.5%. only in washington is spending more money than the previous year called a cut. spending controls and reforms called for are steps to foster a healthier and more secure economy. it is not rocket science. that is the kind of common sense americans apply every day. i am proud to support this budget. i look forward to working with others on the committee as we move forward. >> thank you. two minutes to the gentleman from south carolina. >> thank you. i want to start out by saying i agree with our president. the senator said we had a moral imperative to control our deficit. the best way to shrink our deficit is to grow our economy. to grow good paying jobs and put hard-working americans back to work. unemployment remains stubbornly high.
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we have seen the enemy and he is us. our bloated and inefficient federal government does not promote but stifles progress. it makes us less competitive in the world. we are not being beaten by our competitors worldwide. we are beating ourselves. through excessive taxation and regulation, the federal government stifles economic growth and shifts more and more american jobs overseas every year. on a regulation in energy robs the middle class through higher fuel costs, slows our path to a national energy independence, and costs hundreds of thousands of new american jobs in the energy industry. small banks are a primary source of capital for middle-class families and small businesses. the added burden of the dodd- frank regulations, hamstrings
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our banks at a time when small businesses and middle-class families need them the most. it does nothing to prevent large institutions from becoming too big to fail. it will lead to the disappearance of many small banks as they cannot afford the extra costs of complying with massive additional regulation. the president has repeatedly said we need to streamline excessive regulation. dodd-frank and the patient protection act at tens of thousands of pages of additional and they are still being drafted three years later. it is time for the action to match the rhetoric. let's get government out of the way and get our economy moving and put hard-working americans back to work. i yield the rest of my time. >> thank you. on the need to talk about how
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this budget protects the primary responsibility of federal government and national security, i would like to yield two minutes. >> thank you. it is a privilege to serve the second congressional district of virginia largely because of the risk i know for certain our fiscal trajectory prevents -- presents to this great country. it requires of us to make a very difficult decisions and set the right priorities. i am so proud of our budget. we have set the right party to to -- priority to protect american people. the house budget resolution we are here to discuss today cost $560 billion. the amount is fully consistent with the needs we have to fully fund our united states military. at the house hearing on february 13 of 2013, the chairman of the joint chiefs of staff said this. what do you want our military to do?
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if we cannot give another dollar? we set our priorities and this budget restores defense spending to before sequester levels. it retains the discretionary caps that were originally established under the budget control act. what does all this mean? it means we have fully funded our military. we have set the right priority, we will meet the obligations we have. not as a member of one party or another, but just as fellow americans. i appreciate your leadership. i appreciate how you have been tackling our nation's most difficult challenges with respect to our budget. thank you and i yield back. >> on a similar theme, two minutes to the gentlelady from missouri.
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>> thank you. there is no greater priority of congress and to provide for the defense. this does that. we provide for the safety of our citizens from threats, home and abroad. while defending the terrorists, or deterring the proliferation of weapons, this budget provides the best equipment, the best training, and the best compensation for continued success. the budget provides $560 billion in funding. over the next decade, it provides over $6 trillion to fund our national defense. the budget will reflect the fact that our national security is our top priority. it does it by replacing the owners cuts in sequestration. it is important that we do prioritize our national defense. the chairman of the joint chiefs of staff also said our current security challenges are more complex than those we face
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following wars in korea, vietnam, and the cold war. there is no foreseeable peace dividend on our horizon. the threats of our country have changed since the cold war. they have not disappeared. to sustain a force capable of meeting the challenges we face, we must stop making arbitrary cuts to our national defense. when the sequester took place, it cut $43 billion from fiscal year 2013. it will cut $500 billion over the next 10 years. defense makes up 20% of the budget. it receives 50% of the cuts. our budget replaces sequester cuts for national defense and gets priorities right as a nation. it also fully funds the support to the commitment we have made for our veterans for their selfless military service. promises made should be promises kept. our budget does that. thank you.
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>> thank you. i like to yield for the purpose of discussing why a balanced budget is important. two minutes to the gentleman from texas. >> thank you. i would like to echo what many have said today. thank you for putting together a smart, responsible budget right for america and business owners and families. this plan is bold, rational, and balanced. i am a small business owner. i have owned and operated my business for over 41 years. i still operate it. i have more private sector experience than governments experience. i can say this budget will put people back to work and reverse the obama economy that is killing jobs about our country. we have to have a balanced budget. i have to balance my budget. everybody in america has to balance their family or businesses budget not every
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10 years, but every single day. the path of prosperity requires us to make tough decisions. that is why we are here today. if we apply those principles, we will ensure america's best days ahead and we will stay the most powerful country militarily and economically. by cutting waste and not spending money we do not have, the government can become a team player. by lowering taxes, we will increase income and unemployment will be lower. by balancing the budget, we will help the economy rebuild itself. balancing america's books is greater than one person and one committee. i am used to looking at numbers
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and making good business decisions that benefit my business, customers, and my employees. i know a plan to an hour the people rather than the government is a plan that will work. it will give families and business owners across the country the opportunity, freedom, and ability to grow and thrive and realize the american dream and not the american scheme. it is the american people who will get us out of this mess, and not the federal government. economic security for families means a balanced budget, lower taxes, and in texas, we would say, let's just do it. >> thank you. two minutes to the gentleman from wisconsin. >> thank you. i am honored to be here today supporting the budget that puts america on a pathway and trajectory to balancing our budget. you listen to house and senate democrats. you hear them talk about a balanced approach to our budget.
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their approach is not balanced. and their approach never leads us with a balanced budget. that is not acceptable. 20 years with their proposal, you never balance the budget. 50 years, they still are borrowing money. 100 years from now, they will still have us our money from china. the ranking member talks about republicans having an uncompromising approach. we have no one to compromise with. if they would put a balanced budget down, we could negotiate a path with forward for america. they will not do the hard work, they may not like our approach, but they could tell us they're great approach, then both sides could come together and find
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agreement. if they will not give us a proposal, there is no room for negotiation. that is a problem. you look around this room, and i do not think anyone of us here will pay $1 back of what we owe today. the $1 trillion the bar of this year and next, none of us are going to pay 1 cent of that back if we stay on the current course. we have to look to our kindergarteners and first graders, little toddlers in america. we will ask them to pay back this massive debt bank and deficits. that is not acceptable. the true cost of the debt, we talk about it being $225 billion. if we stop the printing presses and stopped buying our debt, you will see interest rates rise. it would go to $400 billion a year. this is not sustainable. we have to put america on the pathway to balance. let's get it done. >> let me summarize some of the points and themes we will hear
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today. we had an election and why do you not just move on? well, look, our speaker offered revenue increases in negotiations through tax reform. what happened? we get tax increases. we got the fiscal cliff. it raised our revenues. it did it through job killing tax increases. what is the reality we are bending to? we accept that these tax increases are in law. they have started and they are there. we are saying, we can hit these same numbers without hurting the economy and without costing jobs through fundamental tax reform. that is what we are saying. get rid of these jobs. jobs -- job killing tax increases. get rid of the high tax rates
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and small businesses through tax reform. another point i think the ranking member will keep mentioning, medicare. and the medicare savings used for obamacare. two points. if you take the money from medicare to spend on obamacare, it does not go to medicare. we are saying, do not spend it on obamacare. make sure it goes to spending on the solvency of medicare. a number of groups in writing obamacare, supporting the legislation, said they could do more with less, but not all providers said that. we really do not know the answer to the puzzle because most of the cuts have not occurred yet. the tax increases are already in law and have already started. all the provider changes in the medicare network, and i have been on the oversight committee for 13 years. they have not even begun yet. we have not sorted through what will happen to providers. that is why we set up a mechanism to address the issues as they come in. some providers said they can do more with less. some said they could not. we will have to figure that out so the medicare provider network
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is strong and we are not turning people away and we can do it on a deficit-neutral basis to make sure physicians do not draw patients when they get a cut, which we prevented from happening. look, a budget is about making choices. if we do not get the budget balanced, it will hurt our economy today. we should stop thinking about all of our efforts, whether it is fighting poverty or provide seniors guaranteed health care. we should stop thinking about it by how much money we throw at problems. why don't we measure outputs? are we helping people? are we getting people out of poverty? are we giving seniors the actual security of knowing their retirement is secure or not? these are the kinds of questions you need to ask. i have got to tell you, it is not about making expenses and revenues match. it is about improving people's lives, growing the economy,
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restoring opportunity. we have a new budget process, meaning the senate is actually doing a budget. we hope at the end of the day, we are still talking to each other and we can get a down payment on the problem. we may not see eye to eye, but thankfully they are doing something so we can have a process on c-span, in public view, so we can get a down payment on the problem. we know the debt crisis will turn this country into something we never intended it to be. i would like to yield the rest of the time. >> thank you. we agree on one thing.
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the numbers that appear in this budgets have a real impact -- we believe the but -- the numbers will have a negative impact on families, kids, opportunity to get a good education, and the jobs situation right now. i will yield 10 minutes to go into detail about how this particular republican budget will hurt jobs and our global economic competitors. >> thank you. there is one thing i think we all agree on. ultimately, the pathway to fiscal health is a growing and vibrant economy. we have very different perspectives on what we in washington can do to make sure our economy grows. i would characterize the republican side as being one of cutting the role of government in our economy and ours is different.
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not too long ago, we had a white house business round table where we had 35 business leaders from across the community, all political sides, and here is what they said they thought washington government should be doing to help expand the economy. these are answers straight off the transcript. in the order they were mentioned. support entrepreneurs by having a more transparent grants process. spend more on research and development. provide more english as a second language programs. invest in community colleges to better prepare citizens for the work force. help bring more capital to small businesses. provide incentives to maintain a highly skilled workforce. stop cutting education. train students in advanced manufacturing.
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improve literacy initiatives. support child care programs, making it easier for adults to go back to school. fix no child left behind. that is three pages of feedback. no mention of cutting spending and taxes for the wealthy, drowning wealthy and drowning government in a bathtub. these are business leaders trying to function every day to make our economy grow. they want washington's help, not its avoidance. this is where the ryan republican budget is a dismal failure. all of the things our businesses are crying out for, the rhine budget would be emphasized -- ryan budget would deemphasize. it is the enemy of growth.
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i submit for evidence my business leaders in kentucky. with that, i would yield to my colleague in florida. >> i thank my good friend from kentucky. colleagues, this republican budget should come with a warning label -- american jobs at risk. because the republican budget will lead to large job losses and harm economic growth just at the time when the economy is improving for some many of our neighbors and businesses back home. republicans continue to turn a blind eye to the economic fact that more people working across america and lower unemployment reduces the deficit. economists, including the congressional budget office director right here in this room, advise that putting americans back to work is the fastest and most effective way to reduce the debt and deficit. it is inexplicable that
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republicans propose to eliminate jobs in construction, education, scientific research, and keep the burden on middle-class families. this is a very poor reading of the situation that american families are in today. the republican budget undermines what makes america great, what makes america strong. like education, the ability to attend college, research and development and clean energy, these are the keys to economic growth and opportunity. do not hand the keys to the republicans in congress because they will throw them out. experts predict this budget will result in 2 million fewer american jobs next year alone. that is on top of the 750,000 jobs lost due to be sequester that the republicans will not replace. american families and businesses still face headwinds in this economic recovery.
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unemployment remains unacceptably high. here are a few examples. this republican budget slashes ability of students to attend college. it eliminates pell grants for students and provides a harsh squeeze for millions more. the key to a good job and opportunity is that college degree. but republicans turned a blind eye to the fact that college costs continues to escalate. they will say pell grants are much harder to come by in america.
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research shrinks under the republican project. this includes alzheimer's, cancer, and aids. we rely on those dollars for jobs at the university and research and businesses that are growing and innovation. the heart of american ingenuity over our history has been in manufacturing and the ability to build bridges, roads, railroads, and community. it attracts private investment. the government dollars we provide for transportation and infrastructure are multiplied exponentially. it attracts private investment. but in the face of the desire to build and grow, republicans cut such investment by 32%. the republican budget is not consistent with american values. it is not fiscally responsible. it puts american jobs at risk.
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it ignores the fact that job creation and economic growth are the most effective ways to reduce that debt and the deficit. it is a plan for economic weakness. it is a receding vision of american greatness and innovation. it is a harsh vision for our great country. i yield back to my colleague. >> i yield two and a half minutes. >> thank you. i own a business. i understand the tough choices needed to balance a budget. i understand the tough choices it takes to grow jobs. i have to say you're not making tough choices when you produce a budget that hurts middle-class families and slashes programs
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for the neediest citizens. you're making a dangerous choice that will have real impacts on families across the nation. the economic policy institute found that the gop budget plan release to date will result in two american jobs next year alone and stalled economic recovery. that is on top of sequester cuts in jobs we will see this year. the biggest threat to our long- term economic security at this time is not the deficit. it is the economy. it is the lack of jobs. it is a future where the u.s. cannot compete with its global peers. this will bring us closer to that scenario. chairman ryan and i share rock county, wisconsin. this is a blue-collar county where people are proud of the work they do and they want to be working. but they are struggling. four years ago, 2000 employees lost their jobs.
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a company announced they were shutting down. we do not help them or america when we keep tax incentives for companies to ship jobs overseas instead of incentivizing companies to hire in wisconsin and in america. we do not help them when we cut programs and raise taxes on the middle class so we can lower the tax rates for the top earners in this country. that seems to be what we received in the budget that is on our desk today. budget should reflect values. what we need to do is focus on economic growth and how to get the people of america back to work. we need a real path to prosperity. when we invest in infrastructure, research, development, small business loans, we can increase competitiveness globally and support small business owners and create jobs. i want to work with all my colleagues on the budget
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committee on a balanced budget that focuses on job growth and can responsibly reduce the deficit. instead of resorting to recycled policies that have been rejected by republican congress, we need to focus on ways we can work together to move our economy forward. i yield back the balance of my time. >> in conclusion, we know that to generate a strong environment economy, we need to invest and not cut. the ryan budget cuts in all the wrong places. i yield back. >> thank you. i yield myself five minutes to discuss the implications of the ryan republican budget on medicare. the federal budget is a priority. there is quite a contrast for the way we would implement our
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priorities and what our values are. a budget should be responsible and reduce the deficit. it should make investments to grow the economy. it is also an obligation to seniors and our future. the republican budget fails to meet all those challenges. it undermines commitments and shifts the financial burden to middle class americans. it fails to make the investments in education and infrastructure necessary to ensure competitiveness, opportunity, and economic growth. and yes, it fails to meet obligations. they talk about how much their parents need and use medicare. they know they are paying into the medicare now. but the republican budget ends
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the medicare guarantee for seniors. they want to shift the costs of health care to seniors and their families. many seniors and disabled americans count on medicare. medicare is a promise to all seniors in this country. house republicans are yet again proposing to break that promise. republicans plan to end the day day -- medicare as we know it. there is a wide array of choices in medicare. over 90% of physicians participate in medicare and seniors a choice of their doctors and medicare advantage a new delivery models and seniors value those choices and access to doctors. the republican budget hands over those choices to insurance companies. we are working hard to engage in
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new ways to reduce the costs of health care under medicare, we are seeing a lower rate of increase in medicare. what the republican budget would do is raise the health and safety and financial security of our seniors by undermining those innovations and cutting costs in medicare. baby boomers are coming into medicare. 10,000 new ones per day. we want to make sure we demand efficiency and quality. we have to do it the right way. let's do that. let's reject the republican budget and make sure we have a balanced approach in these commitments. we need to meet our obligations to seniors and not through a voucher program, but finding a way to sustain the commitment we have made. with that, i will yield to my colleague from california to
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also speak about how important medicare is to seniors. one and a half minutes. >> thank you. excuse my voice. i'm recovering from a cold. thank you for your unwavering leadership and protect in seniors. there are bush policies i cannot forget. in 2005, there was a rising tide of poverty under failed economic policies. millions of americans are still struggling to recover from the massive financial crisis this administration inherited. republican budget extends and even expand these terrible economic failures of the bush administration. but under the clinton administration, they brought in revenue with higher taxes.
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we created more jobs. we balance the budget. we have the revenue we need to maintain a stronger safety net. in stark contrast, this republican budget protects the wealthy and the powerful while gutting medicare and medicaid and the safety net for children and seniors and the disabled and the vulnerable. this budget would put seniors at the mercy of private insurance companies and dramatically increasing their healthcare costs and limits in the choice of others. this budget comes at a time when congress has cut spending by 1.5 trillion dollars and an additional $85 billion cuts in the sequester. even though programs have a
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child tax credit and medicaid support families and promote economic recovery, this republican budget continues the misguided effort to punish the poor, vulnerable, and senior citizens. we want to create jobs and opportunities for everyone, but we cannot shred the safety net for our seniors as this budget does. it threatens to shatter our fragile recovery while recanting pentagon -- protecting pentagon spending. they encourage corporations to send american jobs offshore. i think we all agree that a budget is a moral document, or at least it should be a moral document. i have in my hand a letter from a little girl. she wrote to me. she is six years old. she lives in oakland,
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california. she has a simple message for our committee. she says, "please help hungry children." it is the true measure of our nation of how we treat our poor, seniors, and especially children like this little girl. she gets it. if there is one hungry child in america, this committee, this budget has failed to do its job. this budget will not only help help -- not help hungry people, but that more people at risk of being hungry. it'll put seniors at risk. this is not who we are. >> thank you. now to talk about how this budget protects special interests at the expense of the
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middle class, i will recognize congressman for five minutes. >> thank you. this should be a discussion we are focusing on areas of agreement and progress. healthcare reform not only -- i'm pleased that the chairman has agreed that we will have a hearing later in the year dealing with the infrastructure deficit that this country faces. as i go through the material, i see not one word that references infrastructure and its opportunities. we are seeing a relentless assault on the middle class. if enacted, it would costs 2 million jobs, 750,000 middle- class jobs. it would freeze things like pell
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grants and eliminating -- you can listen to your own state universities and community colleges. incorporated in this is the ongoing tax shuffle that we have been dealing with for the last couple of years. there is no hint of how there will be tax loopholes cut that would provide for a 25% top rate. we have been listening to that for years with the centerpiece of a presidential campaign that at least one of us was involved with. no one gave a sense of how that would be possible without dramatic reduction but the middle class depends on like a home interests tax reduction. we have been reluctant to see people close special interest provisions. we have tried repeatedly to deal with the oil and gas subsidies of 100 years that long ago ceased to be an incentive to produce oil and is merely a tax
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to their bottom line. i look forward to an opportunity for the democrats to offer their alternative. in the meantime, we get to hear from my colleagues. >> thank you. i agree with my friend from oregon. the tax code is overly complex. it has hundreds of tax breaks that not only distort economic behavior for investors, but also do that for consumers as well. you can see from chart 18 that these tax expenditures amount to a lot of money. over $1.1 trillion per year just shy of the amount of all discretionary spending, including defense. many of these tax breaks are simply wasteful spending through the tax code. how else can you characterize special tax breaks for corporate jets and big oil? it is a shame that challenging
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this wasteful tax spending seems to break down along party lines. i have no doubt that it is tax breaks were for social spending programs, my republican friends would be howling about government waste and corruption. but these tax giveaways for some of the wealthiest and most powerful in this country seem to be of no concern. one of the most egregious examples is the special tax preference that this budget gives to oil companies. these are companies that have profited over $1 trillion in profits over the last 10 years. you can see it from chart 17. those profits are aided by a couple of billion dollars that they receive annually courtesy of our tax code. exxon and shell were ranked as the top profiting companies last year. they were not helping the average american by providing more jobs or providing lower prices at the pump.
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four of the five companies shed a total of 15,200 jobs over the previous five years. there's no doubt about it that big oil has been making big profits while gouging consumers with big gas prices and pocketing the tax breaks, yet they get a big tax under this republican budget. you can call it the path to prosperity, but it is really the path to prosperity for big oil and the road to perdition for the rest of us. there are better ways to spend tax dollars. subsidizing big oil takes our country in the wrong direction on energy policy. we should not increase dependence on fossil fuel that is expensive. there's nothing is fully responsible about climate change denial or pursuing tax and energy policies that maximize profits for big oil while
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pushing the costs off on children and future generations. i yield the balance of my time. >> thank you. we should talk about ways we can do a better job. i yield 10 minutes. >> i yield myself two and a half minutes. the highest priority for democrats on this committee since we inherited this economic crisis that is creating jobs -- last month we got good news. the economy created 236,000 jobs in february. the unemployment rate dropped to 7.7%. that is the lowest since 2008.
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can we please put the slide on the monitors? there you have it. the unemployment rate what it could be and should be. it has been the story of our recovery. what are the consequences of not having enough police, firefighters? teachers? as you can see from this slide on the monitor, according to the household survey, there are 950,000 fewer people employed by state, local, and federal governments since 2009. you have never put before the american people what the
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consequences are of the layoffs. shame on you. these are not the faceless government bureaucrats the other side likes to demonize. the are the teachers in your children's classrooms and the cops and the firefighters keeping your communities safe. that is why this is fundamentally flawed. what happened? we lost 8 million jobs. why are we doing this again? why? look at what is happening in europe with austerity.
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the way debt has been described on this panel is totally, totally unrealistic. why in god's name would be one to follow down the path of europe? that is the only place this roadmap will take us. creating economic growth by investing in our country is the best way to reduce our deficit. the first thing we need to do is replace the looming sequester. that is 750,000 jobs. our ranking member was offered an amendment to eliminate the shortsighted way. we must invest in job creation. with that, i will yield 2.5 minutes to the gentleman from rhode island. >> i thank the gentleman from new jersey. the single most effective way to bring prosperity and well-being
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to our country is to get people back to work. rhode island has been hit by the economic downturn. we have the highest unemployment rate in the country. we understand the importance of developing a budget proposal that creates new opportunities for middle-class families. if we are serious about keeping our economic recovery going, we need a budget that supports small businesses and is everything possible to help them succeed. we need to make things in america. we need to start exporting american goods and not jobs. there is a serious legislative effort to give manufacturers and businesses the tools they need to compete in the global economy. then make it in america manufacturing act would help
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build partnerships in our states and regions to ensure they are getting the target resources they need to retrain workers and compete in the marketplace of the 21st century. it will help businesses and communities and support american workers. we need to make sure companies have incentives to create jobs in the united states rather than moving them to other countries as our current tax code provides. that is why we support the bring jobs home act. it will end tax breaks for companies that send jobs overseas and create incentives to keep jobs in the united states. many continue to struggle in this economic recovery. we need to rebuild the housing sector and ensuring that we have
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the roads, bridges, schools that will make american businesses more competitive and allow communities to thrive. these are the priorities that are not reflected in the budget that we have before us today. they are sensible and urgent priorities that democrats will continue to fight for. i yield back the balance of my time. >> two minutes to the representative from new mexico. >> i thank my colleagues from new jersey and rhode island. i'm concerned about this impact on jobs. it is both arbitrary and harmful to middle-class families, the disabled, and seniors.
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this is a plan to disparity and not to prosperity. it will crush economic growth and costs jobs. the ryan budget will result in 2 million fewer american jobs in 2014 alone. this is on top of the 750,000 jobs we will lose in the sequester. the bureau of labor statistics study says the health sector will be a leader in job growth throughout the rest of this decade. the health sector will create 4.3 million jobs by 2020. a 30% increase while the rest of the economy creates jobs at 13% rate. simply put, healthcare services and delivery is where jobs are. unfortunately, republicans in this congress will put job growth in jeopardy. the policy priorities estimates
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that the ryan budget will cut $2.5 trillion from health care by 2023. it does so by turning medicare into a voucher program. this forces health care providers to cut jobs and reduce services or their patients. with an aging population, we can be investing in critical infrastructure like the health care system and not cutting. we can have positive job growth and create jobs this year with basic investments. this bill repeals affordable care act, but it is still the law of the land. there can be assistance that help small businesses and individuals select any role in health care plans. this infrastructure investments create jobs we need. in new mexico alone, it will reverse the negative job growth.
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the ryan proposal is bad policy. it harms the most portable citizens and is a job killer. i yield back.>> coming up at noon eastern, the u.s. house for job training programs. at 10:00, the senate continues on a resolution. at 9:00 eastern on c-span three, the senate budget committee shows the 2014 budget proposal. and in 45 minutes, congressman richard hutchins of carolina on the new tsa rules, allowing passengers to carry small knives on air craft. knives on air craft.

Capitol Hill Hearings
CSPAN March 14, 2013 6:00am-7:00am EDT


TOPIC FREQUENCY Us 13, Washington 7, Medicare 3, Wisconsin 3, Texas 3, Indiana 3, Ryan 2, Pentagon 2, Pell 2, California 2, U.s. 2, Kentucky 2, Europe 2, Rhode Island 2, New Mexico 2, Dodd 1, The Senate 1, Exxon 1, The United States 1, Frank 1
Network CSPAN
Duration 01:00:00
Scanned in San Francisco, CA, USA
Source Comcast Cable
Tuner Channel 17 (141 MHz)
Video Codec mpeg2video
Audio Cocec ac3
Pixel width 704
Pixel height 480
Sponsor Internet Archive
Audio/Visual sound, color

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on 3/14/2013